https://www.taxtmi.com/caselaws?id=126552 The Appellate Tribunal CESTAT, MUMBAI, allowed the appeal in a case concerning the disallowance of credit, recovery of interest, and penalty under Cenvat Credit Rules. The appellant successfully argued that they did not claim depreciation on the impugned goods, which were considered revenue expenditure, not capital goods. The Tribunal held that since the impugned goods were not classified as capital goods, the question of depreciation did not arise. Consequently, the decision disallowing credit, imposing interest, and penalty was set aside, and the appeal was allowed. en-us Mon, 27 Jul 2009 00:00:00 +0530 Thu, 22 Nov 2012 10:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126552 The Appellate Tribunal CESTAT, MUMBAI, allowed the appeal in a case concerning the disallowance of credit, recovery of interest, and penalty under Cenvat Credit Rules. The appellant successfully argued that they did not claim depreciation on the impugned goods, which were considered revenue expenditure, not capital goods. The Tribunal held that since the impugned goods were not classified as capital goods, the question of depreciation did not arise. Consequently, the decision disallowing credit, imposing interest, and penalty was set aside, and the appeal was allowed. Case-Laws Central Excise Mon, 27 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126552